Many business owners end up waiting far too long to hire team members, because they’re worried about the increased overhead.
That’s the wrong way to think about it.
A good hire isn’t an expense, they’re an investment that yields great returns.
Here are three ways to turn employees into investments, not expenses:
1. Ditch Old-School Job Descriptions
Ineffective, old-school job descriptions simply list duties and required skills. Instead, create results-oriented job descriptions that focus on desired outcomes, key responsibilities, and define key performance indicators. This emphasis on accountability will create an expectation of high-performance. When the desired outcomes are clear to both you and the employee, it makes performance review time easier on everyone.
2. Structured Training Plans
Don’t bombard a new hire with everything at once. Implement a week-by-week training plan which outlines what the new team member is expected to learn each week. It will give them focus and ensure that they master the high-priority things first. This structured approach provides clear expectations and guidance for both the new hire and their trainer, which helps reduce overwhelm and gets them productive much more quickly.
3. Effective Delegation
Your employees will always be expenses if you fail to delegate to them. Teach your managers to delegate as well. This allows managers to focus on higher-value activities and gives new hires a chance to learn and grow their skills.
If you’d like help implementing one or more of these strategies, schedule a 15-20 minute call with me. We will discuss your specific needs and develop a tailored plan to conquer any hiring fears.
Author: Mark McNulty, Business Coach in Louisville, KY